AUSTRAC Takes Action Against Non-Compliant Crypto Firms
- AUSTRAC acted against 13 crypto firms for compliance failures.
- Nine firms had their registrations canceled, suspended, or not renewed.
- Affected companies include Auasia Trading Pty Ltd and Blue Star Exchange Pty Ltd.
- Conditional registrations were placed on Currencyfair Australia Pty Ltd and Currencyfair Limited.
- Over 50 additional firms are under scrutiny for potential violations.
AUSTRAC has intensified its regulatory measures, canceling or suspending the registration of nine crypto firms due to non-compliance with Anti-Money Laundering and Counter-Terrorism Financing Act obligations. Over 50 other firms remain under investigation.
Source (2.6)https://decrypt.co/306501/australias-financial-watchdog-takes-action-against-13-crypto-firms?rand=52368
